Latest Realty News

MUMBAI: Housing market in Mumbai Metropolitan Region has recorded worst half-yearly performance since global financial crisis in 2008 with around 2 lakh unsold homes and weakening sales, showed a report released by Knight Frank India for the period ending June.

Mumbai: The Bharatiya Janata Party (BJP)-led government in Maharashtra announced a slew of steps to transform the Mumbai Metropolitan Region (MMR) into a global financial, commercial and entertainment hub

With Mumbai’s real estate sector activity shifting northwards, a trend that is amply reflected in the surge in prices in that part of India’s business capital, south Mumbai’s billing as the country’s costliest real estate hub seems to be under threat

MUMBAI: Acute land shortage in Mumbai has led to a ridiculous situation where plots fetch astronomical rates. On Monday, a 25-acre sprawl belonging to Tata Steel in the suburban Mumbai invited the highest bid of Rs 1,155 crore. Over the past decade, as the housing shortage became more severe, the city recorded phenomenal property transactions. Fours years ago, a land parcel sold for over Rs 4,000 crore, a national record of sorts.

MUMBAI: On April 9, 1964 The Times of India reported that the Bombay Municipal Corporation planned to build a flyover at Kemp's Corner. Five roads met at the junction, situated between two hills, and the traffic congestion was bad. "The 48-foot bridge will segregate the north-south and east-west vehicular traffic," ToI reported.

MUMBAI: A metro link improving access to the terminals, expansion of the new T2 terminal, a new taxiway and a tunnel under the runway for airside (the area within an airport’s passport, Customs control and security checks) vehicular movement are being planned in the second phase of the modernisation of the airport here.

MUMBAI|BANGALORE: HDFC Mutual Fund plans to raise up to Rs 1,500 crore for real estate through a newly-formed category — alternative investment funds (AIF). According to two persons familiar with the matter, the asset management company will raise the money through a new division that is likely to be called HDFC AIF.

THANE: Even as Thane city is witnessing a spurt in the number of residential projects being launched by developers, property consultants and experts are, however, divided over whether this is the right time to invest.

MUMBAI/BANGALORE: Property consultancy firm Jones Lang LaSalle India's investment arm is looking to raise its second real estate fund with a total target size of around Rs 600 crore. The fund, to be raised in domestic market, will focus on investing in leased commercial assets across major office property markets in India, said two persons close to the development.

DELHI: Apartments priced under Rs 5,000 per sq ft account for nearly three out of four homes sold in Mumbai, National Capital Region, Pune, Bangalore and Chennai over the past year, data from real estate research firm Liases Foras shows. While such homes comprised 73% of the total sales in these areas, the figure was an even higher 84% in Bangalore and Pune.

MUMBAI: Mumbai’s residential real estate market is perhaps going through its worst phase. Almost 45% of MMR's (Mumbai Metropolitan Region’s) ready and under-construction projects are lying unsold due to weak demand and high prices, according to a report by international property consultant Knight Frank.